EXPN Experian Plc

By Razak Musah Baba

LONDON--Experian PLC (EXPN.LN) Wednesday maintained its expectations for 2017 as it recorded a 4% growth in third-quarter organic revenue.

The credit-checking company said in the three months ended Dec. 31, total revenue growth from ongoing activities was 6% at constant exchange rates. Experian said at actual exchange rates, total revenue growth from ongoing activities was 4% due to weakness in sterling more than offsetting the improvement in the Brazilian real.

If current exchange rates prevail through to the end of the year, Experian said it would expect a resulting headwind to Benchmark earnings before interest and tax or Ebit of 1% for the full year.

"Looking ahead, our guidance for the full year is unchanged. At a group level and at constant currencies, we expect organic revenue growth in the mid-single digit range, to deliver stable margins while investing for growth, and further progress in benchmark earnings per share," Chief Executive Brian Cassin said.

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

January 18, 2017 02:35 ET (07:35 GMT)

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